Carlyle Closes Eighth U.S. Real Estate Fund With $5.5 Billion

Carlyle closed its prior U.S. real-estate fund in 2014 with $4.2 billion

By

WSJ PRO Staff

September 11, 2018 3:30 p.m. GMT

The Carlyle Group said it has wrapped up its latest U.S. real-estate fund at $5.5 billion.

The Washington, D.C.-based firm had targeted $5 billion for Carlyle Realty Partners VIII LP, which is the firm’s largest U.S. real-estate fund to date. Investors that disclosed commitments to the fund include the Pennsylvania Public School Employees’ Retirement System, City of Ann Arbor Employees’ Retirement System, Teachers’ Retirement System of the State of Kentucky and the New Mexico State Investment Council.